Uber reported strong results for the second quarter, with increased bookings and profit. However, it focused on its autonomous vehicle (AV) efforts to calm investor concerns about Tesla’s upcoming robotaxi.
Uber’s AV trips have increased sixfold from last year. The company highlighted its AV technology and partnerships, including with Waymo in Phoenix. Uber’s mix of autonomous and human drivers ensures reliable service.
CEO Dara Khosrowshahi is confident in getting AV content worldwide, suggesting a market with many AV providers. Uber’s past AV efforts included partnerships, acquisitions, and legal challenges, leading to a focus on partnerships now.
Recent partnerships include Serve Robotics for food delivery and Waabi for freight shipments, with ongoing tests between Dallas and Houston. Uber will share more AV details soon, possibly including a new deal with BYD for electric and autonomous vehicles.
Investors responded positively, with Uber’s shares up 6%. The company also reported higher-than-expected bookings and profit for Q2.
